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Fitch: Chile, Peru best prepared for downturn of global economy; Argentina and Venezuela most vulnerable

Monday, June 4th 2012 - 04:13 UTC
Full article 15 comments

Chile and Peru are best positioned in Latin America to withstand a downturn in the global economy and a drop in commodity prices, while Argentina and Venezuela are the most vulnerable to any turmoil, according to a senior official from Fitch Ratings. Read full article

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  • BLACK CAT

    You can just about see the writing on the wall through the thin layer of paint slap happily applied 10 years ago................

    Jun 04th, 2012 - 06:43 am - Link - Report abuse 0
  • Teaboy2

    @1 Thats what happens when you use waterbased paint and fake tan lotions to cover things up - It soon washes off!! lol

    Jun 04th, 2012 - 08:54 am - Link - Report abuse 0
  • PirateLove

    Good news all round, even better if we could add bolivia to the woes

    Jun 04th, 2012 - 10:06 am - Link - Report abuse 0
  • LEPRecon

    @4 - PirateLove. Don't worry, when Argentinas and Venezulas economies go down the tubes, countries like Bolivia won't far behind.

    In fact, their collapse could cause a domino effect that would effect most if not all of South America.

    Averting this potential disaster should be the top, if not the only subject discussed at the OAS, not bleating on about inconsequential and erroneous claims to territory that they haven't got a snowballs chance in hell of ever acquiring.

    In fact the grown up members of the OAS should tell these children to grow up and start facing their problems, instead of burying their heads in the sand and hoping all the badness they created with their economic policies, just goes away.

    However, countries like Argentina and Venezula are on a one way trip to oblivion, but they are incapable of taking responsibility for their own actions and mistakes, hence why they never seem to learn from them.

    Jun 04th, 2012 - 11:25 am - Link - Report abuse 0
  • British_Kirchnerist

    Well of course Fitch would say this, they're biased. Argentina and Venezuela should be honoured to be in each other's company. Humala must try harder to differentiate Peru from Pinera's Chile

    Jun 04th, 2012 - 01:59 pm - Link - Report abuse 0
  • Conqueror

    @5 Of course they should be honoured. They can both go down the crapper together. You too!

    Jun 04th, 2012 - 02:06 pm - Link - Report abuse 0
  • Condorito

    @BK
    Why? Why would Fitch say this? Because it is true.
    I don’t need fitch to say it, I can see it. You are blinded by political labels. Piñera occupies the same ground that Bachelet occupied. Humala is not interested in where Piñera is. He is interested in where Peru is going and the signing of the Pacific Alliance this week shows where that it. The further Peru can get itself from the influence of Chavez the better. Anyone who would suggest the contrary is at best uninformed.

    Since the end of the Pinochet era, poverty in Chile has fallen from almost 50% to about 15%, whilst sustaining an average annual growth rate of over 5%. That is good. That is what everybody wants. I don’t care about your political colour if you can do that. Peru is years behind Chile but they know the way forward is to emulate Chile’s success. Do you not wish that for the people of Peru?

    Jun 04th, 2012 - 02:53 pm - Link - Report abuse 0
  • Brit Bob

    @5 DH

    Taken from the Economist 2.6.12: 'From this week any Argentinian wanting to take a foreign holiday must not only provide his tax identification number but also tell the tax agency (AFIP) where and why he is going. Officials say this violation of privacy is needed to fight tax evasion and money laundering. In reality, the reason is that the government of CFK is starting to run out of dollars. Since the inflation rate is over 25% the government is terrified of letting the Peso depreciate and is resorting to a seige economy.'

    Dollars were being withdrawn from Argentine banks at a rate of $100 million per day as savers grasp greenbacks. The curbs on access to the dollar have made Argentinians nervous about the policy of the Peso. The move was one of many government policies, including import curbs that have hurt confidence in the Argentine economy.

    Jun 04th, 2012 - 03:58 pm - Link - Report abuse 0
  • briton

    This cant be true , says CFK its all lies upon lies,
    She says ,
    I have the worlds best experts advising me , [BK][TOBY][TOBERS][TTT][MALVINO]SEARNOX]
    [guz][ Marcos Alejandro ][ f0rgetit87 ][malen][geo][
    And a whole host of others that would lay down there lives for me,

    It’s a conspiracy against me .

    just a idea .

    Jun 04th, 2012 - 07:51 pm - Link - Report abuse 0
  • Condorito

    briton
    Pay attention.
    “[TOBY][TOBERS][TTT]” are not Kirchnerites.

    Jun 04th, 2012 - 09:17 pm - Link - Report abuse 0
  • briton

    who are they then
    they seem to play a lot .

    Jun 04th, 2012 - 11:53 pm - Link - Report abuse 0
  • ChrisR

    9 briton

    You have forgotten one: 'I don't Think' aka The Turnip in Chief, no less.

    :o)

    Jun 05th, 2012 - 04:03 pm - Link - Report abuse 0
  • briton

    thank you ChrisR,

    Jun 05th, 2012 - 06:46 pm - Link - Report abuse 0
  • Simon68

    13 briton (#)
    Jun 05th, 2012 - 06:46 pm

    Those you named are small time losers who get paid ARG$50 a day and a chorripan.
    The big advisers are: Axel Kicilloff, Moreno, De Vido, Reposo, Timerman, Del Pont, etc. These are the dangerous ones, along with the rest of the La Campora, La Evita, La Kolina crowd.
    When this troupe of performing monkeys (with appologies to the monkey race) fades away things might just get to be palatable in Argentina, but while the peronist plague exists we will never get anywhere.

    Jun 07th, 2012 - 05:09 pm - Link - Report abuse 0
  • briton

    14 Simon68
    You may well be correct,
    But if these deluded halfwits, carry on the way they are,
    South America will tear its self apart, all in the name of greed ect ect .

    And again only the decent ones will suffer,
    And as usual, the CFK disciples on here, just lap it up,
    They wish to see there country go backwards,

    .

    Jun 07th, 2012 - 08:05 pm - Link - Report abuse 0

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